Roblox Corporation $RBLX Shares Acquired by Credit Agricole S A

Key Points

• Credit Agricole S A increased its stake in Roblox Corporation by 55.6%, acquiring an additional 8,563 shares, bringing its total holdings to 23,969 shares valued at approximately $1.4 million.
• Roblox reported a quarterly revenue of $1.44 billion, exceeding analyst estimates, though it recorded a loss of ($0.41) EPS, which was lower than the expected ($0.37).
• Institutional investors and hedge funds hold 94.46% of Roblox's stock, reflecting a strong institutional interest in the company.

Credit Agricole S A lifted its stake in shares of Roblox Corporation (NYSE:RBLX - Free Report) by 55.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,969 shares of the company's stock after buying an additional 8,563 shares during the quarter. Credit Agricole S A's holdings in Roblox were worth $1,397,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. MIG Capital LLC lifted its position in shares of Roblox by 133.0% during the 1st quarter. MIG Capital LLC now owns 13,316 shares of the company's stock worth $776,000 after buying an additional 7,602 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Roblox by 124.2% during the 1st quarter. Hsbc Holdings PLC now owns 526,683 shares of the company's stock worth $30,669,000 after buying an additional 291,750 shares during the last quarter. Korea Investment CORP lifted its position in shares of Roblox by 16.8% during the 1st quarter. Korea Investment CORP now owns 364,331 shares of the company's stock worth $21,237,000 after buying an additional 52,325 shares during the last quarter. Northern Trust Corp lifted its position in shares of Roblox by 1.9% during the 1st quarter. Northern Trust Corp now owns 3,164,329 shares of the company's stock worth $184,449,000 after buying an additional 60,105 shares during the last quarter. Finally, Versor Investments LP lifted its position in shares of Roblox by 356.7% during the 1st quarter. Versor Investments LP now owns 21,006 shares of the company's stock worth $1,224,000 after buying an additional 16,406 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Roblox Stock Performance

RBLX traded down $1.62 during trading on Wednesday, hitting $123.15. The stock had a trading volume of 6,745,877 shares, compared to its average volume of 10,814,158. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $79.43 billion, a P/E ratio of -86.11 and a beta of 1.63. The company's 50-day moving average price is $116.62 and its 200 day moving average price is $85.56. Roblox Corporation has a twelve month low of $37.50 and a twelve month high of $150.59.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.20 billion. Roblox had a negative net margin of 23.67% and a negative return on equity of 372.96%. The business's quarterly revenue was up 50.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.32) earnings per share. Roblox has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts forecast that Roblox Corporation will post -1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RBLX. Piper Sandler boosted their price objective on shares of Roblox from $105.00 to $138.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. BTIG Research set a $131.00 target price on shares of Roblox and gave the company a "buy" rating in a report on Monday, July 28th. The Goldman Sachs Group lifted their target price on shares of Roblox from $63.00 to $80.00 and gave the company a "neutral" rating in a report on Wednesday, May 14th. Bank of America lifted their target price on shares of Roblox from $86.00 to $103.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Finally, Roth Mkm lifted their target price on shares of Roblox from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Twenty equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $119.00.

Insider Transactions at Roblox

In other Roblox news, CEO David Baszucki sold 687,500 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $87.97, for a total value of $60,479,375.00. Following the transaction, the chief executive officer directly owned 211,559 shares of the company's stock, valued at approximately $18,610,845.23. The trade was a 76.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 4,935,047 shares of company stock valued at $478,661,185. Insiders own 12.92% of the company's stock.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.